4.6 Annual Salary

Front

What is the estimated annual salary for someone earning $17.25 an hour?

Back

$34,500.00

Tags

CCSS.5.NBT.B.7

Front

What is the term for payment of two times the regular hourly rate?

Back

double time

Tags

CCSS.7.EE.B.3

Front

What is overtime?

Back

Working time beyond a regular 40-hour week.

Front

What is the term for payment of 1.5 times the regular hourly rate?

Back

time and a half

Tags

CCSS.7.EE.B.3

Front

If you get paid monthly, how many times will you be paid in a year?

Back

12

Tags

CCSS.4.MD.A.2

Front

What is the formula to calculate annual salary from hourly wage?

Back

Annual Salary = Hourly Wage x Hours per Week x Weeks per Year (assuming 40 hours/week and 52 weeks/year).

Front

What is the difference between biweekly and semimonthly pay periods?

Back

Biweekly means getting paid every two weeks (26 times a year), while semimonthly means getting paid twice a month (12 times a year).

Front

What is piecework pay?

Back

Payment based on the number of units produced or tasks completed.

Front

What is the significance of understanding overtime pay?

Back

It helps employees know their rights and potential earnings for extra work.

Front

How do you calculate double time pay?

Back

Double time pay = Regular Hourly Rate x 2.

Tags

CCSS.7.EE.B.3